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TransCanada's Energy East pipeline would support 11K jobs, report says

  • TransCanada’s (TRP +0.7%) proposed $12B Energy East pipeline would support 10K full-time jobs during development and construction and 1K once it begins service after 2018, according to a Deloitte & Touche report.
  • The project to deliver crude from western Canada to the Atlantic coast is expected to take six years to complete, supporting 2,300 jobs from now through 2015 during the development phase and 7,700 jobs during the construction phase in 2016-18, the report says.
  • Deloitte projects $7.2B in additional tax revenues during the expected 40-year operational life of the project.
Comments (4)
  • phildevoyd
    , contributor
    Comments (109) | Send Message
     
    "Deloitte projects $7.2B in additional tax revenues during the expected 40-year operational life of the project."
    The article says that the tax revenue estimate is for Canadian governments. Surely, there would be additional stateside tax revenues.
    10 Sep 2013, 11:55 AM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    Interestingly the Governor of Main is reported today to endorse this pipeline extension. Portland Main is one option for a terminus (several in Atlantic Canada as well).
    10 Sep 2013, 06:42 PM Reply Like
  • Matthew Brown
    , contributor
    Comments (516) | Send Message
     
    Why would there be additional revenue for the US for a pipeline that is not located in the USA?
    10 Sep 2013, 12:32 PM Reply Like
  • marpy
    , contributor
    Comments (694) | Send Message
     
    Unlike what Obama is doing with Keystone, I am sure Canada will take advantage of this opportunity and not look a gift horse in the mouth.
    10 Sep 2013, 03:46 PM Reply Like
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